Rents rise by 0.5% in Offaly

Damian Moran

Reporter:

Damian Moran

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Rents in Offaly rose by an average of 0.5% in Offaly year on year according to figures contained in the latest Daft.ie Rental Report for Q2 2013.

Rents in Offaly rose by an average of 0.5% in Offaly year on year according to figures contained in the latest Daft.ie Rental Report for Q2 2013.

The average rent advertised is now €553 and while that represents a small rise from the same time in 2012, it also represents a fall of 28% from the peak in 2007.

Commenting on the report, Ronan Lyons, Economist with Daft.ie, said: “Demand for accommodation remains strong in urban areas, especially in Dublin. As a result, with properties shifting faster, students may feel more rushed when looking for accommodation for the year ahead. Outside Dublin, though, rents are more or less in line with the levels charged last year. This gap between Dublin and much of the rest of the country is a trend seen consistently over the last 12 to 18 months.”

The full report is available from http://www.daft.ie/report and includes a commentary by Ronan Lyons, economist at Oxford University and author of the Daft.ie Report.